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Listed 1 month ago

1191 Woodbine Avenue

Woodbine-Lumsden, Toronto

$949,000

Semi-Detached |2-Storey
2 | 3 | 0
About this home

Here's a turn-key investment and/or live-in opportunity; live in one unit and potentially rent out the rest! All the heavy lifting has been done! Three levels, three rented apartments, each featuring its own open concept living area / kitchen and separate bedroom. Upper unit has plate glass windows with beautiful view of backyard, and of the sunsets at the front; main floor unit has convenience of easy access to backyard, an updated kitchen, and hardwood floors; lower level unit is newly reno'd with new kitchen, including live-edge countertop, new appliances, plank flooring. Shared amenities such as laundry room with skylight, bright and leafy backyard space, enclosed front porch. Fabulous tenants are all month-to-month, but would like to stay! Currently rented for $1,600 + $1,735 + $1,735 = $5,070/mo gross. Property zoned as mixed use Residential / Commercial. Well established leafy neighbourhood offers dedicated bike path on Woodbine, Woodbine subway station, shops and cafes of Danforth Village, churches and schools only a quick 10 minute walk away, and quick access to Taylor Creek park and bike trails.

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agent
Ephy Bookbinder
(416) 838-4804
TypeSemi-Detached
Style2-Storey
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$3,424
Lot Size16.01 ft x 95.14 ft
mls© NumberE13814224
Listed ByREAL ESTATE HOMEWARD

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,857
Property tax
$285
Heat allowance
$150
Housing costs
$5,293 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $189,800
25-yr amortization

Income needed

$163,000

gross annual household income

Payment at 4%
$3,994 / mo
Cash down
$189,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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